Cabinet Establishes Privatisation Working Groups
The cabinet has appointed four working groups that will be in charge of preparing plans for the privatisation of major state-owned companies.
One of the working group will prepare a plan for the privatisation of telco Telekom Slovenija and another for the privatisation of NKBM, Slovenia's second-largest bank. Moreover, another group would be in charge of drafting a plan for the sale of the stakes held by the state-run Restitution Fund and Pension Management Fund in Slovenian companies.
The fourth working group would draft plans for privatisation in electricity production and distribution.
According to him, each group would have five to six experts. The groups will have to send their proposals to the government by 23 December, except for the group that will be working on the withdrawal of state-run funds from the economy, which will have until 31 March 2006 to draft its plan.
The government is convinced that Slovenia must undertake a second phase of privatisation in order to improve efficiency in the economy.
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